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Textile Exports Rebounded More Than Expected In The First Half Of The Year.

2010/7/16 9:02:00 45

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In July 11th, the General Administration of Customs announced June textile and clothing.

Exit

The amount of US $18 billion 665 million increased by 33.44% over the same period last year.

In response, CITIC Securities reported that the industry rebounded in the first half of the year was higher than expected.

low

base

And external demand recovery.

Order

Moving forward and improving competitive advantage are the main reasons.

In the latter part of the outlook, the two digit growth of exports in 2010 will be maintained. The growth rate is expected to reach 15% under optimistic expectations, but the growth rate will be in a downward trend.

The performance of China Daily is generally satisfactory.

The mid term performance of home textile Brand Company is growing by more than 40%, which is in the forefront of the industry; the growth of brand clothing companies can reach more than 30%; the average growth rate of manufacturing companies is also more than 20%.

The report said that the valuation of the manufacturing sector was 23 times PE in 2010, of which the value of RT A, hang min shares and Weixing shares were 12, 13 and 17 times PE respectively in 2010, and the expected export exceeded the expected price.

The 10/11/12 EPS 0.40/0.53/0.70 yuan, which has prominent industry status, low export proportion, and domestic consumption growth, is currently 16 times the value of 2010, which is the key recommendation in the second half of the year.

Looking forward to the long term, the pition of domestic consumption and profit mode to "brand operation" will become an opportunity for the development of the industry. The growth trend of the brand retail sector is clear, maintaining the rating of "stronger than the big city". It is recommended that we grasp the 10/11/12 EPS 0.97/1.27/1.66 with clear growth performance and 10/11/12 EPS 0.85/1.10/1.40 yuan, and pay attention to the "American business" and "Saturday".